Why is Avanti Feeds falling/rising?

As of 18-Aug, Avanti Feeds Ltd. is experiencing a price increase, currently at Rs 662.00, reflecting a rise of Rs 11.95 or 1.84%. Today, the stock opened with a gain of 2.92% and reached an intraday high of Rs 673.45, indicating positive momentum. The stock has outperformed its sector by 0.34% today, and there has been a notable increase in investor participation, with delivery volume rising by 8.82% against the 5-day average. Despite a 1-month decline of 11.86% and a year-to-date decrease of 2.98%, the company has shown strong fundamentals, including a high return on equity (ROE) of 16.17% and consistent positive results over the last five quarters, which may contribute to the current upward price movement.
In the broader market context, Avanti Feeds' short-term performance of +3.27% over the past week significantly outpaces the Sensex, which has only increased by 0.83% during the same period. This suggests that the stock is gaining traction relative to the overall market. While the stock has underperformed over the longer term, with a 1-year return of -4.78% compared to the Sensex's +1.04%, its recent positive operational results and attractive valuation metrics, such as a PEG ratio of 0.3, may be driving renewed interest among investors, contributing to the current rise in stock price.